Bitcoin News, News Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse. Brad Garlinghouse – who previously predicted that only a few altcoins would exist in the next few years, now says Bitcoin doesn’t have the potential to become the global currency. The CEO, however, thinks Bitcoin will continue to work as the store of value; saying “We as a world have decided to store the value to the tune of about $130 billion… that’s a store of value. It’s hard to argue that.” Source Image: firefox Although he claims that there is no competition among cryptocurrencies, he still believes that Bitcoin cannot compete with XRP as a means of transfer of payments. XRP is Better Than BTC Brad Garlinghouse has continuously been criticizing Bitcoin’s dominating position in cryptocurrency markets. He thinks Ripple is in a better place to lead the cryptocurrency market considering mass adaptation from banks and payment services companies. Explaining his stance, the CEO said, “the Bitcoin blockchain, the technology that underpins the cryptocurrency, is “quite slow,” whereas XRP transactions are “a thousand times faster.” Bitcoin blockchain network on average takes 42 minutes for each transaction based on Blockchain.info record while XRP’s transaction stands in the range of four seconds. Source Image: twitter.com Ripple CEO has previously highlighted his concerns over the correlation between Bitcoin price and the rest of digital currencies, saying “There’s a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies.” Source Image: twitter.com Brad Garlinghouse looks so optimistic over the future fundamentals of XRP network; the claim for mass adaptation isn’t out of context as RippleNet agrees with more than 100 companies and banks to enhance their domestic and cross-border payments. Featured Image: Twitter NEXT PAGE NEXT Previous Bitcoin Needs a New Narrative to Restore Confidence, Analysts Say Next Bitcoin’s Energy Footprint Has Doubled – And it Might Not Stop If You Liked This Article Click To Share This article was originally published by Cryptocurrencynews.com. Read the original article here. Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Products You May LikeArticles You May Like Charles Hoskinson: Blockstream Founder Adam Back ‘Checks All The Boxes’ as Satoshi Grayscale Is Now Buying 1.5 Times the Amount of Bitcoin Being Mined FOMO Risk? THETA Outpacing Bitcoin With 1000% Gains Since March Crash Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?